However, Grand declined, citing that his hardware expertise wasnt relevant to software wallets.
Apparently, the password manager used the date and time configs of the computer to help randomize passwords.
This flaw was reportedly fixed in 2015 by US-based Siber Systems, which developed RoboForm.
While RoboForms passwords appear to be randomly generated, theyre not.
We ultimately got lucky that our parameters and time range was right.
If either of those were wrong, we would have … continued to take guesses/shots in the dark.
It would have taken significantly longer to precompute all the possible passwords, Grand said in an email toWIRED.
When the bitcoins were handed over to Micheal, it was worth $38,000 per coin.
However, he waited until it reached $62,000 per coin and sold some of it.
source: www.techworm.net